Translate

Tuesday, October 28, 2008

Indonesia Plans `Response Policy' to Boost Currency

Indonesia's President Susilo Bambang Yudhoyono said the government will announce a ``response policy'' tonight to stem a slide in the nation's currency.

The currency fell as much as 8.7 percent before recovering to trade down 0.9 percent at 11,050 against the dollar.

``We cannot always solve this through intervention,'' Yudhoyono told reporters in Jakarta today, referring to the central bank buying the local currency. ``If the decline is because of fundamental reasons, what we must solve is the fundamental reasons.''

No comments:

Economic Event Calendar

Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

Industry Research Reports

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener

Company Research Reports